3305691 (NYSE:ABS)
Industry: Services

Albertson's, Inc. (Albertsons) is an operator of retail food and drug chains in the United States. As of February 2, 2006, the Company, through its divisions and subsidiaries, operated 2,471 stores in 37 states in the United States. It also operated 238 fuel centers near existing stores. Its retail operations are supported by 19 Company distribution operations. As of February 2, 2006, Albertsons' divisions and subsidiaries operated stores under the banners Albertsons, Acme, Bristol Farms, Grocery Warehouse, Jewel, Jewel-Osco, Max Foods, Osco Drug, Sav-on Drug, Shaw's, Star Market, Super Saver and Lazy Acres. On November 7, 2005, the Company acquired Lazy Acres Market, Inc. (Lazy Acres). Lazy Acres is a gourmet retail store located in southern California. On June 2, 2006, SUPERVALU INC. (Supervalu) completed its acquisition of more than 1,100 stores of Albertsons in markets, such as southern California, the Pacific Northwest and southern Nevada. The acquired store brands included Acme Markets, Bristol Farms, Jewel, Shaw's Supermarkets, Star Markets and Albertsons banner stores. Supervalu led a consortium that included drugstore chain CVS Corporation, private equity firm Cerberus Capital Management, L.P. and others to buy Albertsons. On June 2, 2006, CVS Corporation announced that it has completed the acquisition from Albertsons, of approximately 700 standalone Sav-On and Osco drugstores, and a distribution center in La Habra, California. On June 2, 2006, Cerberus Capital Management L.P. and Kimco Realty Corp. also acquired 665 grocery stores, mainly in Florida, Louisiana and the West. As of February 2, 2006, the Company's retail operations were organized into seven divisions, based primarily on geographic boundaries, and two independently managed subsidiaries. Albertsons operates combination food-drug store, conventional store (which includes non-Extreme Inc. warehouse stores), standalone drugstore, Bristol Farms store and Extreme Inc. store. Albertsons' subsidiary, Extreme Inc., is an independently managed subsidiary that operates price impact stores in and around Dallas, Texas; Baton Rouge, Louisiana; Salt Lake City, Utah, and various cities in Florida. As of February 2, 2006, Extreme Inc. operated 27 stores under the Super Saver banner. The Company's subsidiary, Bristol Farms, is a gourmet and specialty food retailer. As of February 2, 2006, Bristol Farms operated 12 stores in Southern California. Bristol Farms stores offer gourmet and natural product assortments in stores that range in size from 7,200 to 29,700 square feet. In addition, Bristol Farms offers catering services and several stores offer in-store dining. The Company's combination food-drug stores combine grocery and drug stores under one roof. Most of these stores include grocery, prescription drugs and an expanded section of cosmetics and general merchandise in addition to specialty departments, such as service seafood and meat, bakery, lobby/video, service delicatessen, liquor and floral. Many of these stores also offer meal centers, party supply centers, coffee bars, in-store banks, photo processing, and destination categories for beverages, snacks, pet care products, paper products and baby care merchandise. Combination food-drug stores are typically located in neighborhood shopping centers, and range in size from 35,000 to 60,000 square feet. As of February 2, 2006, Albertsons' divisions operated 1,495 combination food-drug stores. Albertsons' conventional food stores are less than 35,000 square feet, and focus their product and service offerings primarily on food departments. Conventional stores offer many of the same product and service offerings as combination food-drug stores, but on a limited basis. As of February 2, 2006, the Company's divisions operated 237 conventional stores. The Company's standalone drugstores offer convenient shopping and prescription pickup, as well as an assortment of general merchandise, health and beauty care products, over-the-counter medication, greeting cards and photo processing. Many of the Company's s

Current Quote*
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As Of: 05/30 16:05 ET
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